PARKE BANCORP INC (PKBK) Stock Technical Analysis
NASDAQ:PKBK - Nasdaq - US7008851062 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to PKBK. PKBK has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
Warning: PKBK has an average volume of 23874 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When comparing the yearly performance of all stocks, we notice that PKBK is one of the better performing stocks in the market, outperforming 76% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
PKBK is part of the Banks industry. There are 395 other stocks in this industry, PKBK did better than 59% of them.
PKBK is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PKBK is lagging the market slightly.
In the last month PKBK has a been trading in the 18.97 - 20.37 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, PKBK does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 20.03. Right above this resistance zone may be a good entry point.
More info and screens
15.48
20.64
When analyzing the support we can see 4 important areas.
- Support @17.82 from a trend line in the weekly time frame.
- Support @17.49 from a horizontal line in the weekly time frame.
- Support @17.15 from a horizontal line in the daily time frame.
- Support @15.64 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 20.03 to 20.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for PKBK is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PKBK is neutral. |
| ChartMill Relative Strength | 76.55 | POSITIVE | PKBK has a high relative strength, it outperformed 76.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of PKBK is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PKBK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of PKBK is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.23 | NEUTRAL | The RSI value for PKBK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests PKBK has a negative trend. |
| Stochastics (14,3) | 36.74 | NEUTRAL | The Stochastics value for PKBK is a neutral value. |
| Average True Range in percent/ATR (20) | 2.16 | MEDIUM VOLATILITY | The ATR as a percentage value for PKBK suggests some volalility. |
| Average Directional Index/ADX (14) | 26.07 | POSITIVE | The high ADX value value for PKBK suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
19.39
-0.2 (-1.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.02%
1 Week-0.51%
2 Weeks-4.72%
1 Month2.32%
3 Month-2.9%
6 Month-17.87%
12 Month19.47%
2 Year20.73%
3 Year-21.5%
5 Year39.3%
10 Year70.09%
15 Year121.95%
Volatility
ATR(14)0.39
ATR(20)%2.16%
ATR Inc-41.43%
Range Today0.27
ADR(20)0.38
ADR(20)%1.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.55
Mansfield-0.43
10 Day High20.37
10 Day Low19
20 Day High20.37
20 Day Low18.97
52 Week High24.29
52 Week Low15.24
CS1 End17.82
CR1 Start20.03
Volume & EV
DER(3)-7.87%
DER(5)-3.92%
Volume12.40K
Volume Incr-31.04%
Vol(5)13.02K
Vol(50)23.87K